This article discusses about the expected growth of VR technology in the next 5 years as conferred by the IDC.
3D Virtual Reality to observe rapid growth by 2021 With drastic increase in the popularity and acceptance of 3D virtual reality technology, 3D VR is on the verge of seeing a huge growth spurt due to its immense application in diversified domains, globally. According to International Data Corporation (IDC), 3D VR and Augmented Reality are already being used in several marketing, industrial as well as medical applications which indicate that this technology will rise up to 10 folds by the year 2021. Moreover, latest news reveals that Google and HTC are working in collaboration to invent wireless Virtual Reality headset. According to IDC , such rapidly taking place innovations also prove that VR headset market have the potential to increase worldwide at a Compound Annual Growth Rate (CAGR) of 58% attaining 99.4 million units approximately by the end of 2021. In 2016, it was reported that around 10 million VR headsets were distributed worldwide, it is predict